12/9/2010

Engine manufacturer Cummins invests in Turkey

Hurriyet Daily News - Cummins, the US-based designer and manufacturer of diesel and natural gas engines, has announced an investment plan to establish a production base in Izmir, Turkey.

The USD 70 million greenfield investment involves the production of filters and generators for motor vehicles.

Cummins Vice President Ignacio Garcia said the company will set up the factory in the Aegean Free Zone in Izmir. The investment will start in the first quarter of 2011, while production is scheduled to start in 2012, said Garcia. Turkey was selected among 25 countries for this investment, Garcia told journalists. Dr. Huseyin Aslan, President of the Investment Support and Promotion Agency of Turkey (ISPAT), said the agency had been working for the past 18 months to bring Cummins to Turkey. “We were in a race with North Africa and Eastern Europe,” he said. “This project is crucial, as it will support the strategically important auto sub-industry,” he added.

Cummins’ establishment of a production plant in Turkey will create 800 jobs, while 85 percent of the manufactured goods will be exported. The company aims to utilize Turkey’s favorable geographical location for easy access to markets in surrounding countries.
turkey; izmir; ispat; cummins; greenfield; engine manufacturer; aegean free zone; huseyin aslan; ignacio garcia